Registration number: 11234698

Virtual Internship Partners Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 13

Virtual Internship Partners Ltd

Company Information

Directors

Daniel Oliver Nivern Jason Rottenberg Nicholas Xavier Gwinnett Sharp Jason Kan

Registered office

80-83 Long Lane London United Kingdom EC1A 9ET

Accountants

Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Virtual Internship Partners Ltd

(Registration number: 11234698)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	11,767	13,767
Tangible assets	5	26,858	34,453
Investments	6	82,242	82,242
		120,867	130,462
Current assets
Debtors	7	880,222	391,339
Cash at bank and in hand		360,449	1,948,689
		1,240,671	2,340,028
Creditors: Amounts falling due within one year	8	(697,501)	(451,969)
Net current assets		543,170	1,888,059
Total assets less current liabilities		664,037	2,018,521
Provisions for liabilities		(6,713)	(8,613)
Net assets		657,324	2,009,908
Capital and reserves
Called up share capital	9	1,590	1,575
Share premium reserve		10,627,423	10,595,338
Capital redemption reserve		89	103
Other reserves		244,630	266,683
Retained earnings		(10,216,408)	(8,853,791)
Shareholders' funds		657,324	2,009,908

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Virtual Internship Partners Ltd

(Registration number: 11234698)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 13 October 2026 and signed on its behalf by:
 

......................................... Daniel Oliver Nivern Director

Virtual Internship Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
80-83 Long Lane
London
EC1A 9ET
United Kingdom

These financial statements were authorised for issue by the Board on 13 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have given consideration to the foreseeable future based on formal projections. Based on future projections, the directors expect the company to move into profitability in the year ending March 2028.

Combined with the cash reserves available to the company at the year end, the company and its subsidiaries possess sufficient working capital to continue trading for the foreseeable future.

Virtual Internship Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- specific criteria have been met for each of the company's activities.

Revenue derived from virtal internship programs is recognised on the date of commencement of the study course for a student.

Other grants

For students on internship programs that are employed by clients, the company collects other grant funding for the salaries of these students on behalf of clients and pays the funding directly to the students. The company does not recognise these amounts as revenue as this is student grant income.

Foreign currency transactions and balances

The company chooses to present its financial statements in pounds sterling, however the company's functional currency is US dollars. The company has therefore chosen to apply the provisions of FRS 102 Section 30 to recognise the resulting exchange differences in other comprehensive income.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Virtual Internship Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	50% straight line
Laptops	20% straight line
Computer monitors	25% straight line
Other computer equipment	33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks	10%-12.5%, depending on renewal date of individual trademarks

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Virtual Internship Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2025 - 9).

Virtual Internship Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2025	18,328	18,328
At 31 March 2026	18,328	18,328
Amortisation
At 1 April 2025	4,561	4,561
Amortisation charge	2,000	2,000
At 31 March 2026	6,561	6,561
Carrying amount
At 31 March 2026	11,767	11,767
At 31 March 2025	13,767	13,767

Virtual Internship Partners Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	91,020	91,020
Additions	12,165	12,165
Disposals	(25,716)	(25,716)
At 31 March 2026	77,469	77,469
Depreciation
At 1 April 2025	56,567	56,567
Charge for the year	12,817	12,817
Eliminated on disposal	(18,773)	(18,773)
At 31 March 2026	50,611	50,611
Carrying amount
At 31 March 2026	26,858	26,858
At 31 March 2025	34,453	34,453

6	Investments

	2026 £	2025 £
Investments in subsidiaries	82,242	82,242